Producer Price Index for Construction Materials, Services Rises 1.1%

  • Posted on

The price of materials and services used in nonresidential construction increased 1.1% from July to August, driven by an extreme jump in diesel fuel costs, according to an analysis by the Associated General Contractors of America. Association officials noted that most other commodity prices were subdued but said their newly released survey showed contractors continue to experience widespread problems finding qualified workers and the costs associated with those shortages. The producer price index for diesel fuel, which covers the selling price at the terminal rack or refinery, soared 34.6% from mid-July to mid-August, the largest one-month jump since 1990. Simonson noted that retail diesel … Read more

Filed under: Economic NewsTagged with: ,

Construction Employment Increases in 45 States, D.C.

  • Posted on

Construction employment increased in 45 states and the District of Columbia in July from a year earlier, while 27 states added construction employees from June to July, according to a new analysis of federal employment data released by the Associated General Contractors of America. Association officials said recent job gains would be more widespread if government officials helped more people prepare for construction careers. Between July 2022 and July 2023, 45 states and D.C. added construction jobs, while industry employment declined in four states and held steady in Vermont. Texas added the most construction jobs over the year (25,200 jobs or 3.2%), … Read more

Filed under: Economic NewsTagged with:

AGC Analysis: Construction Employment Increases in 45 States and D.C. From July 2022 to July 2023

  • Posted on

Construction employment increased in 45 states and the District of Columbia in July from a year earlier, while 27 states added construction employees from June to July, according to a new analysis of federal employment data released by the Associated General Contractors of America. Between July 2022 and July 2023, 45 states and D.C. added construction jobs, while industry employment declined in four states and held steady in Vermont. Texas added the most construction jobs over the year (25,200 jobs or 3.2%), followed by California (13,800 jobs, 1.5%), Ohio (13,100 jobs, 5.6%), and Georgia (10,200 jobs, 4.8%). Arkansas had the … Read more

Filed under: Economic News, eNewsTagged with: ,

Construction Employment Increases in 45 States

  • Posted on

Construction employment increased in 45 states in June from a year earlier, while 33 states added construction jobs from May to June, according to a new analysis of federal employment data released by the Associated General Contractors of America. Association officials said the job gains were welcome, but that widespread construction labor shortages mean many firms would likely have hired even more workers if they could find qualified candidates. Between June 2022 and June 2023, 45 states added construction jobs, while industry employment declined in five states and held steady in the District of Columbia. Texas added the most construction … Read more

Filed under: Economic NewsTagged with:

Construction Firms Add 23,000 Jobs in June

  • Posted on

The construction sector added 23,000 jobs in June while the sector’s unemployment rate fell to the lowest rate ever for the month and pay levels in the industry continued to rise, according to an analysis of new government data the Associated General Contractors of America released. Association officials said there appears to be plenty of demand for construction services and that employers likely would have added even more jobs if they could find more workers to hire. Construction employment in June totaled over 7.9 million, seasonally adjusted, an addition of 23,000 or .3% from the month prior. The sector has added 198,000 … Read more

Filed under: Economic NewsTagged with: